Markets

Cabinet Approves State-of-the-Art Ship Repair Facility in Vadinar, Gujarat The development of a large-scale Ship Repair Facility at Vadinar, Gujarat, has received approval from the Cabinet Committee on Economic Affairs. This major infrastructure initiative aims to significantly expand India’s national ship repair ecosystem by establishing a brownfield facility designed to handle large commercial and foreign-flagged vessels.The project will be a joint implementation between Deendayal Port Authority (DPA) and Cochin Shipyard Limited (CSL). The combined investment for the facility is set at Rs. 1,570 crore.The investment responsibilities are structured as follows:ComponentResponsible AuthorityScope/InfrastructureEstimated Cost...

Jetmall Spices and Masala Ltd to Hold Board Meeting to Discuss Audited Financial Results Jetmall Spices and Masala Ltd announced that its Board of Directors meeting is scheduled for Wednesday, May 13, 2026, at the company's registered office. The meeting is slated to deliberate on several essential corporate matters.The primary agenda points for the meeting include considering and approving the Audited standalone Financial Results for the half-year and the full financial year ended March 31, 2026. Additionally, the board will review and adopt the Internal Audit Report, alongside deliberating on any other necessary general corporate business.In related operational updates concerning market regulations, the company stated that the...

Dynamic Cables Ltd to Hold Board Meeting on May 12, 2026, to Review FY Results Dynamic Cables Ltd announced that its Board of Directors meeting is scheduled for Tuesday, May 12, 2026. The meeting will primarily consider and approve the company’s audited financial results for the quarter and the financial year ended March 31, 2026.During the meeting, the Board will also take a recommendation regarding the final dividend for the Financial Year ended March 31, 2026, if applicable.In addition to the scheduled board review, the company also provided an update regarding its trading window policies. The "Trading Window" for designated persons and their immediate relatives has been closed since April 01, 2026. This restriction will remain...

Shree Karni Fabcom Limited Partners with Global Italian Leader in Technical Knitted Fabrics for Indian Market Shree Karni Fabcom Limited has announced a strategic partnership with a globally renowned Italian manufacturer specializing in highly technical knitted fabrics. The group, which brings over 60 years of excellence, plans to establish new avenues for premium technical knitted fabrics across India's high-growth swimwear, beach wear, sportstech, and activewear sectors.Under this partnership, Shree Karni Fabcom Limited will assume the exclusive role of promoting, branding, and driving the sale of the manufacturer's premium fabric range throughout the Indian market. The company aims to actively introduce the world-class knitted...

Nandani Creation Accelerates Retail Footprint with Two New Franchisee Stores in Delhi Nandani Creation Limited, a prominent player in the women's Indian wear market, is accelerating its physical retail expansion by signing agreements for two major franchise stores. These new outlets are planned for key commercial destinations in Delhi: Karol Bagh and Rohini.The strategic move reinforces the brand's commitment to expanding its physical presence in high-potential Indian markets. The two Exclusive Brand Outlets (EBOs) are scheduled to open in May 2026. Each store is expected to cover an area spanning approximately 800 to 1000 square feet and will showcase the latest collections from the 'Jaipur Kurti' and 'Amaiva' brands.The selection...

EaseMyTrip Reports Double-Digit Growth in Airport Services Adoption, Highlighting Duty-Free and Meet & Greet Demand New Delhi, May 6, 2026 – EaseMyTrip, a leading online travel technology platform, has revealed key consumer insights indicating a significant shift in travel behavior among Indian travelers. The company observed double-digit growth in the adoption of ancillary airport services, establishing Duty-Free shopping and Meet & Greet assistance as primary preferences for modern travelers.The insights highlight that travel is evolving beyond simple bookings toward a holistic experience, where travelers increasingly prioritize efficiency, convenience, and the efficient use of time during their journeys.Ancillary Services Lead...

Wipro Limited Allots Multiple Equity Shares Across Employee Incentive Plans Wipro Limited announced the allotment of multiple equity shares on May 5, 2026. The allotment resulted from the exercise of Employee Stock Options (ESOPs) across various structured incentive plans.The company detailed the share allotment across three distinct plans:Plan NameShares AllottedADS Restricted Stock Unit Plan 200438,24,940Restricted Stock Unit Plan 20071,59,198Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 202414,65,258The total allotment was executed on May 5, 2026, following the exercise of ESOPs, contributing to the company's overall equity structure.WIPRO Stock Price Movement Shares of Wipro...

Steel Exchange India Limited Secures 5-Year MES Approval Renewal for TMT Bars Visakhapatnam - Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), a prominent integrated steel manufacturer in South India and a trusted name in TMT rebars under the brand SIMHADRI TMT, has secured a five-year renewal of its approval from the Military Engineer Services (MES) under the Ministry of Defence.The renewal significantly reinforces the company’s long-term eligibility for government projects, leveraging stringent quality validation processes, and strengthens its presence within the high entry-barrier institutional segment.The renewed approval covers the supply of TMT bars of grades Fe 500D and Fe 500D HCRM. These bars, available in the...

Afcom Holdings Limited Raises ₹199.85 Crore via Qualified Institutions Placement (QIP) Afcom Holdings Limited, an air cargo and logistics enterprise, has successfully concluded its Qualified Institutions Placement (QIP), raising an aggregate amount of ₹ 199.85 crore. The capital infusion, which occurred on May 5, 2026, is earmarked to support the Company's fleet expansion through aircraft leasing.The QIP saw strong participation from a diverse group of institutional investors, reflecting sustained confidence in Afcom Holdings Limited’s future growth strategy and operational outlook.Key Transaction Details During the placement, the Company allotted 26,30,520 equity shares, each having a face value of ₹10. These shares were issued to...

Espire Hospitality Expands Luxury Portfolio with JW Marriott Resort & Spa Near Vrindavan Espire Hospitality Limited announced a significant move to expand its uber-luxury portfolio with an agreement with Marriott International to manage its upcoming JW Marriott Resort & Spa, located near Vrindavan. This addition is set to enhance the luxury hospitality segment of the region.The resort is strategically situated at a prime location near Vrindavan, an hour's drive from New Delhi, Gurgaon, and Noida, offering exceptional connectivity and a tranquil setting. Spanning 14 acres of serene landscapes, the JW Marriott Resort & Spa is designed as an oasis of calm, incorporating sustainability, local craftsmanship, and conscious sourcing into its...

Stovekraft Ltd Board Meeting Scheduled to Review FY23 Financial Results and Amend ESOP Plan Stovekraft Ltd has scheduled a Board meeting for Tuesday, May 12, 2026. The meeting is set to consider and approve key corporate actions related to the company’s performance and employee compensation structure.At the meeting, the Board of Directors will examine the Standalone Audited Financial Results for the quarter and the financial year ended 31 March 2026. Furthermore, the company plans to consider and approve the recommendation of a dividend, if any, for the equity shares of Stovekraft Ltd for the financial year ended 31 March 2026. Both the financial results and any dividend recommendation remain subject to the approval of the...

Adani Power to Participate in Adani Annual Conference - India Chapter Adani Power Ltd has scheduled its participation in the Adani Annual Conference - India Chapter, facilitating interactions with investors and analysts.The company will conduct the Group Meeting as part of the event in person in Mumbai.The details for the investor interaction are scheduled as follows:Conference / EventMeeting TypeDate of MeetingTimeMode of ParticipationAdani Annual Conference - India ChapterGroup MeetingJune 03-04, 202610:00 am - 4:00 pm (IST)In-Person in MumbaiAdani Power Ltd noted that the date is subject to changes due to exigencies on the part of the Company.ADANIPOWER Stock Price Movement As of 10:19 AM, Adani Power Limited shares...

Sat Kartar Life Announces Healthcare Expansion, Targets ₹ 500 Crore Revenue by FY28 Sat Kartar Life Limited, formerly Sat Kartar Shopping Ltd, is undergoing a strategic transformation into a comprehensive Ayurveda healthcare enterprise. The company is expanding its footprint by launching specialized clinical facilities and leveraging technology to build a patient-centric ecosystem, while projecting robust growth driven by its dual-engine model.The company has established an integrated approach by combining traditional Ayurvedic knowledge with modern clinical science. This commitment is underlined by the launch of the first Sat Kartar Ayurveda Hospital, a 30-bed facility in Delhi, operational as of March 5, 2026. This hospital aims to...

Goldiam International Launches India's First Digital 3D Ring Builder Platform Goldiam International Limited has launched India's first digital 3D ring builder, an indigenous web-based platform designed to revolutionize the luxury jewellery retail experience in India. The builder, operational under Goldiam's domestic retail brand, Origem, allows customers to design and visualize bespoke lab-grown diamond rings in a fully interactive, three-dimensional format.The technology-forward launch marks a significant milestone in the country's jewellery retail sector, enabling customers to configure and order custom pieces entirely online and within physical stores.Key Features of the Digital Platform The 3D Ring Builder functions as a...

SPML Infra Secures Rs. 1,128 Crore Contract to Develop 1 GWh Battery Energy Storage System from NTPC SPML Infra Limited, a leading infrastructure developer, has secured a significant contract valued at Rs. 1,128 crore to develop a large-scale Battery Energy Storage System (BESS). The project, awarded by the National Thermal Power Corporation (NTPC), involves establishing a 1 GWh BESS at NTPC Limited's Barauni Thermal Power Station in Bihar. This contract marks the first large-scale grid BESS project for SPML Infra.The award from NTPC places this project among the largest single BESS orders in India, positioning SPML Infra at the forefront of the country's clean energy infrastructure development.The scope of work required for the...

Steel Exchange India Limited Receives 5-Year Renewal for TMT Bar Manufacturing from Ministry of Defence Steel Exchange India Limited has secured a crucial renewal of its approval for the manufacturing and supply of TMT bars from the Military Engineer Services (MES) under the Ministry of Defence. The approval renewal, received on May 5, 2026, ensures the company's continued position in the critical government infrastructure supply segment.The renewal covers the production and supply of TMT bars under the brand SIMHADRI TMT. These bars meet stringent industry standards and include the grades Fe 500D and Fe 500D HCRM, available in a size range of 8 mm to 32 mm.The company operates its integrated steel plant for this purpose at Sriram...

GK Energy Secures ₹353.89 Crore Contract for Solar Pumping Systems in Maharashtra GK Energy Limited has announced that it has received a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract involves supplying and installing Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across the state of Maharashtra.Under the initiative titled Magel Tyala Saur Krushi Pump Yojana, GK Energy Limited was awarded the contract for 15,000 pumps, encompassing models of 3 HP, 5 HP, and 7.5 HP.The total value of the contract stands at Rs. 353.89 Crores, which includes GST. The company is slated to execute the full scope of work within 60 days from the issuance of a work order or...

L&T Secures Largest-Ever Mega Order for Minerals & Metals Business from JSW Steel Mumbai, May 06, 2026: Larsen & Toubro Limited (L&T) has announced that its Minerals & Metals (M&M) vertical secured its largest-ever order in the domestic metals sector. The substantial contract was awarded by JSW Steel.L&T and JSW Steel share a deep-rooted association, built over more than three decades of collaboration in executing complex metallurgical projects. This enduring partnership has consistently contributed to strengthening India's steel production capabilities through operational excellence, scale, and technology implementation.As part of JSW Steel's strategic growth roadmap, the company plans to expand its crude steel processing capacity...

RBI Unveils Strict Prudential Norms on Non-Financial Assets, Setting New Rules for Bank Recovery The Reserve Bank of India (RBI) has issued draft guidelines detailing the "Prudential Norms on Specified Non-financial Assets" (SNFA). These new norms aim to provide much-needed clarity and structure regarding how regulated entities (REs) account for and manage assets acquired during non-performing loan recovery processes.The comprehensive draft directions were released by the RBI on May 5, 2026, inviting public comments from stakeholders. This regulatory move is set to streamline the disposal and accounting treatment of complex, non-financial collateral held by banks.Addressing the Recovery of Non-Financial Collateral Regulated entities...

Aurobindo Pharma's Unit-VII Classified as Voluntary Action Indicated Following US FDA Inspection Aurobindo Pharma Ltd. reported on May 6, 2026, that the United States Food and Drug Administration (US FDA) has classified its Unit-VII facility as "Voluntary Action Indicated" (VAI). The facility, which manufactures oral solid dosage units, has concluded the inspection process.The inspection of Unit-VII, located at Special Economic Zone (Pharma), TSIIC, Green Industrial Park, Polepally Village, Jedcherla Mandal, Mahaboobnagar District, 509302, Telangana, took place from January 28 to February 10, 2026.Upon the conclusion of the inspection, the company reported that a 'Form 483' was issued, detailing a total of nine observations...